New England Research & Management Inc. Sells 395 Shares of W W Grainger Inc (GWW)

New England Research & Management Inc. reduced its holdings in W W Grainger Inc (NYSE:GWW) by 23.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,300 shares of the industrial products company’s stock after selling 395 shares during the period. New England Research & Management Inc.’s holdings in W W Grainger were worth $307,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Salem Investment Counselors Inc. boosted its holdings in shares of W W Grainger by 1.0% in the 2nd quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock valued at $109,000 after acquiring an additional 6 shares during the last quarter. Profund Advisors LLC boosted its holdings in shares of W W Grainger by 1.2% in the 2nd quarter. Profund Advisors LLC now owns 1,394 shares of the industrial products company’s stock valued at $252,000 after acquiring an additional 17 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of W W Grainger by 1.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 2,050 shares of the industrial products company’s stock valued at $370,000 after acquiring an additional 30 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in shares of W W Grainger by 1.7% in the 2nd quarter. D.A. Davidson & CO. now owns 4,298 shares of the industrial products company’s stock valued at $775,000 after acquiring an additional 73 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of W W Grainger by 0.3% in the 2nd quarter. Nordea Investment Management AB now owns 21,106 shares of the industrial products company’s stock valued at $3,810,000 after acquiring an additional 73 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

In other W W Grainger news, VP Paige K. Robbins sold 346 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $202.31, for a total transaction of $69,999.26. Following the completion of the transaction, the vice president now directly owns 8,400 shares in the company, valued at $1,699,404. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP John L. Howard sold 21,000 shares of the company’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $220.56, for a total transaction of $4,631,760.00. The disclosure for this sale can be found here. Insiders have sold 21,536 shares of company stock valued at $4,741,329 over the last 90 days. 9.60% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “sell” rating and issued a $192.00 target price on shares of W W Grainger in a research note on Thursday, January 4th. Credit Suisse Group reiterated an “underperform” rating and issued a $190.00 target price (up from $172.00) on shares of W W Grainger in a research note on Tuesday. They noted that the move was a valuation call. Morgan Stanley set a $185.00 target price on shares of W W Grainger and gave the company a “sell” rating in a research note on Wednesday, October 18th. UBS Group cut shares of W W Grainger from a “neutral” rating to a “sell” rating and boosted their target price for the company from $170.00 to $195.00 in a research note on Thursday, October 19th. Finally, TheStreet upgraded shares of W W Grainger from a “c+” rating to a “b-” rating in a research note on Wednesday, December 13th. Seven research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $195.77.

W W Grainger Inc (NYSE GWW) opened at $237.29 on Wednesday. The company has a current ratio of 2.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.19. The firm has a market cap of $13,520.00, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 2.22 and a beta of 0.82. W W Grainger Inc has a 12-month low of $155.00 and a 12-month high of $262.71.

W W Grainger (NYSE:GWW) last posted its quarterly earnings data on Tuesday, October 17th. The industrial products company reported $2.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.56 by $0.34. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.65 billion. W W Grainger had a net margin of 4.83% and a return on equity of 34.25%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.06 earnings per share. equities analysts predict that W W Grainger Inc will post 10.71 EPS for the current fiscal year.

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About W W Grainger

W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

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Institutional Ownership by Quarter for W W Grainger (NYSE:GWW)

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